Market Data Capture
Before the trade can occur, before the algorithms can crunch the numbers, there has to be a system to build a market book to allow traders and algorithms to view the cross section of the market that the trading opportunities will be drawn from.
In order to do this, a high throughput device must view all trading traffic coming from multiple exchanges in the protocol format used by each exchange (Example, FIX ITCH or OUTCH) and pick out the trade info that will be analyzed by financial algorithms to determine trends and anomalies that may offer trading opportunities.
The market book can also be organized and made available for traders or analysts to monitor and make their own analysis and predictions.
Clearly throughput is critical if the system is to keep up with the information coming from multiple exchanges. Filtering is critical to accept only the information relevant to the algorithm analyzing the markets, and latency is critical to ensure that overall the system performs faster than the competitors so your algorithmic analysis and subsequent trades are first into the trading queue.
AdvancedIO 10 Gigabit Ethernet PCI Express Cards provide all of the features necessary to implement a top quality market data system. The throughput is near wire speed and the latency through the card is the lowest in the market.
AdvancedIO provides best of class ultra low latency 10 Gigabit Ethernet FPGA cards enabled with an easy to use application development framework. Our team’s expertise is honed from years of providing solutions for the Defense, Telecom, and Financial markets. Customers rely on our expertise to deliver superior products on time and on budget.